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FibnFork
Aug 5, 2018 1:49 PM

Gold outlook 

Gold/U.S. DollarFXCM

Description

After a 4th consecutive weekly & monthly drop, gold has reached the 50% retrace off the 2015 low to the 2016/2018 high (using $1366 as the high). This zone has been a good pivot in price throughout 2016 & 2017 and with RSI diverging on this move lower & holding above 30 on latest close, will there be some hope for a bounce in gold?
Comments
Ronnie_Dong
ForexQueen1
YES 1263.
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